FernandoBorges, Managing Director and Head of South AmericanBuyouts for Carlyle Group, participated in a panel session at Private EquityWorldLatin America2012 that discussed if Brazil overheating is a myth or a reality. Listen to this video to hear about his experiences at the event and his opinions on whether Brazil is overheating or not.
Private Equity World Latin America is the leading conference for GPs, LPs and enterprises looking to build value, identify new investment opportunities and uncover which strategies work best in the region. To learn more visit www.terrapinn.com/pelatam

published:28 Jan 2013

views:326

Thanks for watching❤!
SUBSCRIBE to receive more videos for free.
Former Qualcomm head seeks investors for buyout
16 MAR 2018 Former Qualcomm chairman and CEOPaul Jacobs (pictured) is reportedly seeking funding from investors including SoftBank to buy out the US-based chipmaker, after a $142 billion hostile bid by Broadcom was blocked by US PresidentDonald Trump. Jacobs, Qualcomm’s CEO from July 2005 to March 2014, informed members of the board of his plan, which would be one of the biggest buyouts ever, Financial Times (FT) reported. Japan-based SoftBank, which controls the $100 billion Vision Fund technology investment pot, is one of the potential partners he approached. Broadcom this week officially terminated its attempt to acquire Qualcomm after Trump issued an unprecedented US presidential order blocking the deal due to national security concerns. The Singapore-headquartered company also witrew six nominees it put forward for election to Qualcomm’s board. Sources told FT Jacobs’ personal ties with SoftBank founder Masayoshi Son could facilitate a deal. However, there are complications: not...

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There are going to be some nice buyout players on the market after this NBA trade deadline, and the Los Angeles Lakers should take full advantage of this. LeBron James, Brandon Ingram, and Lonzo Ball will need some help (if they aren't traded), so who should the Lakers target? We'll go over who they should try to sign in this video!
https://www.youtube.com/watch?v=nGcRSBjEVYU&t=130s
Follow me on twitter! (I'll follow you back lol):
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Music:
DEADTALKS - RAE SREMMURD x LILUZI VERT TYPEBEAT | No CopyrightTrap:
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DeadTalks YouTube Channel:
https://www.youtube.com/channel/UC1Sm-paAt6WYiVDcViUr1GQ
BNB Productions YouTube Channel:
https://www.youtube.com/channel/UClWEEaYXbIXeWNeOGDMZOCQ
BNB Productions is the record label that connects content creators
with the finest sounds to enhance the creativity and popularity of
their content which is safe from any copyright infringement.
• BNB Releases can be used by any YouTube or Twitch user in their
monetized content. If you use our music you MUST put in the description of your video:

Just a few years ago, amid strong profits and solid premiums, the private equity world was keen on getting into the insurance industry. But that was then. Now, given the soft market and the current difficulties of the down-cycle, those moves by private equity firms, banks and other non-traditional buyers in the early part of the decade seem, in hindsight, like botched thinking. So says Alan Kaufman, head of Burns & Wilcox, who recently spoke with InsuranceJournal. In this interview, Kaufman analyzes private equitys brief love affair with insurance and gives his expectations for future mergers and acquisitions in the insurance industry.

published:14 Oct 2009

views:252

What is an MBO? What are the things to look for in a management buy out or buy in whether you are the seller or the manager looking to buy, this video blog will provide you some essential points for you to consider.

published:02 Apr 2012

views:2108

This video is sponsored by PayPal. Learn more at http://www.PayPal.com/CanDo
Top 10 RejectedShark Tank Pitches That Became Successful
Subscribe: http://goo.gl/Q2kKrD //
Have a Top 10 idea? Submit it to us here! http://watchmojo.com/my/suggest.php
Some rejected Shark Tank pitches ended up becoming super successful after the show! We'll be looking at the successful companies that appeared on Shark Tank but didn't get a deal, such as Lip Bar, Coffee Meets Bagel, Rocketbook, ChefBigShake, Copa di Vino, CoatChex, and more! Join WatchMojo as we count down our picks for the Top 10 Rejected Shark Tank Pitches That Became Successful.
#10. Proof Eyewear
#9. CellHelmet
#8. Coffee Meets Bagel
#7. Lip Bar
#6. Rocketbook
#5. Xero Shoes
#4. Ring (DoorBot)
#3, #2 & #1: ????
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published:27 Oct 2017

views:3279395

Read related blog: http://www.obj.ca/index.php/article/video-blog-management-buyout-succession-plan-option
Robert P. Kinghan is a Partner and Head of the Business LawGroup at Perley-Robertson, Hill & McDougall LLP/s.rl. His practice focused on general corporate law, with particular emphasis on securities law, corporate finance, banking, and mergers and acquisitions counselling. He can be reached at 613.566.2848 or rkinghan@perlaw.ca.

Head (watercraft)

The head (or heads) is a ship's toilet. The name derives from sailing ships in which the toilet area for the regular sailors was placed at the head or bow of the ship.

Design

In sailing ships, the toilet was placed in the bow for two reasons. Firstly, since most vessels of the era could not sail directly into the wind, the winds came mostly across the rear of the ship, placing the head essentially downwind. Secondly, if placed somewhat above the water line, vents or slots cut near the floor level would allow normal wave action to wash out the facility. Only the captain had a private toilet near his quarters, at the stern of the ship in the quarter gallery.

In many modern boats, the heads look similar to seated flush toilets but use a system of valves and pumps that brings sea water into the toilet and pumps the waste out through the hull in place of the more normal cistern and plumbing trap to a drain. In small boats the pump is often hand operated. The cleaning mechanism is easily blocked if too much toilet paper or other fibrous material is put down the pan.

Chart positions

References

Parts of a sail

In sailing the parts of a sail have common terminology for each corner and edge of the sail.

Triangular sails

The corners

In a triangular sail, the highest point is called the head. The halyard, the line which raises the sail, is attached to the head. The lower two corners of the sail, on either end of the foot (the bottom edge of the sail), are called the tack (forward) and clew (aft). The tack is shackled to a fixed point on the boat, such as the gooseneck in the case of a Bermuda riggedmainsail, or the deck at the base of a stay, in the case of a jib or staysail.

The clew is movable and is positioned with running rigging. A symmetrical sail may be said to have two clews.

The clew of a jib or other headsail is the free corner (not attached to any standing rigging), to which port and starboard jib sheets are attached to control the angle of the sail.

In a sail with a boom (such as a mainsail on a sloop), the clew is attached to the boom, and can often be tightened along the boom using the outhaul to adjust the sail shape.

Your Money

CNN Money, formerly known as In the Money, Your $$$$$, and Your Money was a thirty-minute news show last hosted by Christine Romans broadcast by CNN from the Time Warner Centerstudios in New York City. The business program was a week-in-review of that week's financial stories, with analysis of consumer impact from those stories; it was the final CNN program with an exclusive business focus. The show was formerly hosted by Ali Velshi before his move to Al Jazeera America. The program was last shown on Saturdays at 2:00 pm EST.

The show was renamed on June 7, 2014 to coincide with the launch of the new CNNMoney.com. It was canceled in October 2014.

Segments

The Buzz is a timed look at business stories making top headlines.

Money Time features a pre-recorded minute long look at a plethora of business and technology oriented stories. It is tracked by Romans.

View From the Top profiles some of the top people in business.

References

Shark Tank

Shark Tank is an American reality television series that premiered August 9, 2009, on ABC. The show is a franchise of the international format Dragons' Den, which originated in Japan in 2001. Shark Tank shows aspiring entrepreneur-contestants make business presentations to a panel of "shark" investors, who then choose whether or not to invest.

Overview

Shark Tank is produced by Mark Burnett and based on the international format Dragon's Den, which originated in 2001 with the Japanese show Tigers of Money. The show, however, more closely resembles the format of the British version, Dragons' Den, which premiered in 2005. The show features a panel of potential investors, called "sharks," who consider offers from aspiring entrepreneurs seeking investments for their business or product. The sharks are paid for their participation in the show, but the money they invest is their own. The entrepreneur can make a deal on the show if a panel member is interested. However, if all of the panel members opt out, the entrepreneur leaves empty-handed. The show is said to portray "the drama of pitch meetings and the interaction between the entrepreneurs and tycoons." A one-hour pitch by a contestant is edited down to "a dramatic 10-minute segment."

Following the finale of Season 1, Channel Ten announced that a second series had been commissioned set to air in 2016.

Overview

The show is hosted by Sarah Harris and features a panel of investors whom are the "sharks", who listen to entrepreneurs pitch ideas for a business or product they wish to develop. The sharks do receive money for their participation, but they invest their own money. These self-made multi-millionaires judge the business concepts and products pitched and then decide whether to invest their own money to help market and mentor each contestant.

The potential exists, if one of the sharks is interested, for a deal to be made right there on the show. However, if all of the sharks decline, the contestant leaves with nothing. Shark Tank has been described as demonstrating "the drama of pitch meetings and the interaction between the entrepreneurs and tycoons."

Shark Tank (Australia season 1)

The first season of Shark Tank Australia aired on the Ten Network on 8 February 2015 and concluded 7 June 2015. The series was confirmed on 1 September 2014.

Summary

The show features a panel of potential investors, named "Sharks", who listen to entrepreneurs pitch ideas for a business or product they wish to develop. These self-made multi-millionaires judge the business concepts and products pitched and then decide whether to invest their own money to help market and mentor each contestant.

Interview with Phillipe Poletti, CEO of Ardian France, Head of Ardian Buyout

Fernando Borges, Managing Director, Head of South American Buyouts, Carlyle Group

Fernando Borges, Managing Director, Head of South American Buyouts, Carlyle Group

Fernando Borges, Managing Director, Head of South American Buyouts, Carlyle Group

FernandoBorges, Managing Director and Head of South AmericanBuyouts for Carlyle Group, participated in a panel session at Private EquityWorldLatin America2012 that discussed if Brazil overheating is a myth or a reality. Listen to this video to hear about his experiences at the event and his opinions on whether Brazil is overheating or not.
Private Equity World Latin America is the leading conference for GPs, LPs and enterprises looking to build value, identify new investment opportunities and uncover which strategies work best in the region. To learn more visit www.terrapinn.com/pelatam

2:03

Former Qualcomm head seeks investors for buyout

Former Qualcomm head seeks investors for buyout

Former Qualcomm head seeks investors for buyout

Thanks for watching❤!
SUBSCRIBE to receive more videos for free.
Former Qualcomm head seeks investors for buyout
16 MAR 2018 Former Qualcomm chairman and CEOPaul Jacobs (pictured) is reportedly seeking funding from investors including SoftBank to buy out the US-based chipmaker, after a $142 billion hostile bid by Broadcom was blocked by US PresidentDonald Trump. Jacobs, Qualcomm’s CEO from July 2005 to March 2014, informed members of the board of his plan, which would be one of the biggest buyouts ever, Financial Times (FT) reported. Japan-based SoftBank, which controls the $100 billion Vision Fund technology investment pot, is one of the potential partners he approached. Broadcom this week officially terminated its attempt to acquire Qualcomm after Trump issued an unprecedented US presidential order blocking the deal due to national security concerns. The Singapore-headquartered company also witrew six nominees it put forward for election to Qualcomm’s board. Sources told FT Jacobs’ personal ties with SoftBank founder Masayoshi Son could facilitate a deal. However, there are complications: not...

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There are going to be some nice buyout players on the market after this NBA trade deadline, and the Los Angeles Lakers should take full advantage of this. LeBron James, Brandon Ingram, and Lonzo Ball will need some help (if they aren't traded), so who should the Lakers target? We'll go over who they should try to sign in this video!
https://www.youtube.com/watch?v=nGcRSBjEVYU&t=130s
Follow me on twitter! (I'll follow you back lol):
https://twitter.com/tjstball
Music:
DEADTALKS - RAE SREMMURD x LILUZI VERT TYPEBEAT | No CopyrightTrap:
https://www.youtube.com/watch?v=iS2W_Bgdhuc
DeadTalks YouTube Channel:
https://www.youtube.com/channel/UC1Sm-paAt6WYiVDcViUr1GQ
BNB Productions YouTube Channel:
https://www.youtube.com/channel/UClWEEaYXbIXeWNeOGDMZOCQ
BNB Productions is the record label that connects content creators
with the finest sounds to enhance the creativity and popularity of
their content which is safe from any copyright infringement.
• BNB Releases can be used by any YouTube or Twitch user in their
monetized content. If you use our music you MUST put in the description of your video:

Smart Money - Evaluating An Early Buyout

4:15

Buyouts in Hindsight

Buyouts in Hindsight

Buyouts in Hindsight

Just a few years ago, amid strong profits and solid premiums, the private equity world was keen on getting into the insurance industry. But that was then. Now, given the soft market and the current difficulties of the down-cycle, those moves by private equity firms, banks and other non-traditional buyers in the early part of the decade seem, in hindsight, like botched thinking. So says Alan Kaufman, head of Burns & Wilcox, who recently spoke with InsuranceJournal. In this interview, Kaufman analyzes private equitys brief love affair with insurance and gives his expectations for future mergers and acquisitions in the insurance industry.

7:20

Management Buyouts (MBO)

Management Buyouts (MBO)

Management Buyouts (MBO)

What is an MBO? What are the things to look for in a management buy out or buy in whether you are the seller or the manager looking to buy, this video blog will provide you some essential points for you to consider.

10:32

Top 10 Rejected Shark Tank Pitches That Became Successful

Top 10 Rejected Shark Tank Pitches That Became Successful

Top 10 Rejected Shark Tank Pitches That Became Successful

This video is sponsored by PayPal. Learn more at http://www.PayPal.com/CanDo
Top 10 RejectedShark Tank Pitches That Became Successful
Subscribe: http://goo.gl/Q2kKrD //
Have a Top 10 idea? Submit it to us here! http://watchmojo.com/my/suggest.php
Some rejected Shark Tank pitches ended up becoming super successful after the show! We'll be looking at the successful companies that appeared on Shark Tank but didn't get a deal, such as Lip Bar, Coffee Meets Bagel, Rocketbook, ChefBigShake, Copa di Vino, CoatChex, and more! Join WatchMojo as we count down our picks for the Top 10 Rejected Shark Tank Pitches That Became Successful.
#10. Proof Eyewear
#9. CellHelmet
#8. Coffee Meets Bagel
#7. Lip Bar
#6. Rocketbook
#5. Xero Shoes
#4. Ring (DoorBot)
#3, #2 & #1: ????
Have an idea you want to see made into a WatchMojo video? Check out our suggest page at http://watchmojo.com/suggest and submit your idea.
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1:17

How can a Management Buyout effect my Succession Planning? Business Law - Techopia

How can a Management Buyout effect my Succession Planning? Business Law - Techopia

How can a Management Buyout effect my Succession Planning? Business Law - Techopia

Read related blog: http://www.obj.ca/index.php/article/video-blog-management-buyout-succession-plan-option
Robert P. Kinghan is a Partner and Head of the Business LawGroup at Perley-Robertson, Hill & McDougall LLP/s.rl. His practice focused on general corporate law, with particular emphasis on securities law, corporate finance, banking, and mergers and acquisitions counselling. He can be reached at 613.566.2848 or rkinghan@perlaw.ca.

20:03

Quick IRR Calculation in LBO Models

Quick IRR Calculation in LBO Models

Quick IRR Calculation in LBO Models

In this tutorial, you'll learn tricks to approximate IRR quickly in leveraged buyouts, how to think about IRR intuitively, and how to apply these tricks to both simple and more complex private equity case studies.
http://breakingintowallstreet.com/
"Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
Table of Contents:
1:31 Part 1: The Rules and Rules of Thumb for IRR
7:44 Part 2: Quick IRR Calculation in a SimpleLBOModel
11:44 Part 3: Quick IRR Calculation in a Real-Life Scenario
18:45 Recap and Summary
Tips for Quickly Approximating the IRR
Yes, you can quickly approximate IRR in a leveraged buyout scenario, but *only* if there's a simple upfront investment and simple exit, and nothing else in between, such as dividends, dividend recaps, asset sales, or an IPO exit where the PE firm sells its stake gradually over time.
The internal rate of return, or IRR, represents the "effective compounded interest rate" of an investment.
In other words, if you invest $100 today and get back $150 in 5 years, what interest rate on your initial $100, compounded each year, would let you earn that $150 by the end?
To approximate the IRR, you start by calculating the money-on-money multiple and the holding period.
If you double your money in 1 year, that's a 100% IRR. Invest $100 and get back $200 in 1 year, and you've just earned 100% of what you put in.
If you double your money in 2 years, you need to earn *roughly* 50% per year to get there.
Due to compounding, it's actually less than 50%; it's closer to 40% if you calculate it in Excel.
So the rule of thumb is that, for "double your money" scenarios, you take 100%, divide by the # of years, and then estimate the IRR as about 75-80% of that value.
For example, if you double your money in 3 years, 100% / 3 = 33%.
75% of 33% is about 25%, which is the approximate IRR in this case.
The most important approximations are as follows:
Double Your Money in 1 Year = 100% IRR
Double Your Money in 2 Years = ~40% IRR
Double Your Money in 3 Years = ~25% IRR
Double Your Money in 4 Years = ~20% IRR
Double Your Money in 5 Years = ~15% IRR
TripleYour Money in 3 Years = ~45% IRR
Triple Your Money in 5 Years = ~25% IRR
How to Apply These Rules to Case Studies and Modeling Tests
You can use these rules of thumb to determine what your investment recommendation might say, and also to check your work before you complete a time-consuming exercise.
For example, let's say that in one case study, you buy a $50 million EBITDA company for 7x EBITDA, using 4.5x Debt/EBITDA.
EBITDA grows by roughly 10% per year over 3 years.
Approximately $90 million of Debt amortizes over those 3 years as well.
The exit multiple is 8x EBITDA.
You can approximate the IRR in this scenario using the following logic:
$50 million EBITDA * 7x multiple = $350 million purchase price.
The equity contribution is 7.0x minus 4.5x, or 2.5x EBITDA, which is $125 million here.
If EBITDA grows by 10% per year over 3 years, it reaches approximately $70 million by Year 3.
$70 million * 8 = $560 million ExitEnterprise Value.
Since the initial leverage ratio was 4.5x Debt/EBITDA, the initial Debt was 4.5 * $50 million = $225 million.
$90 million of that Debt amortized over time, so there's $225 – $90 = $135 million at the end.
So the Equity Proceeds Upon Exit are $560 million – $135 million = $425 million.
$425 million / $125 million = just over a 3x multiple, or 3.4x more precisely.
Since the PE firm earned back over 3x its equity in 3 years, you could approximate the IRR as "just over 45%" here.
This is an extremely high IRR, and well above the usual target of 20%, so you would lean toward an "Invest" recommendation in this case.
In our real Excel model, the IRR is only 43% because of the transaction fees, the fact that our Year 3 EBITDA estimate was off, and the fact that the Debt had PIK interest, which increased the Debt principal over time.
Still, this is very good for a 60-second approximation.
RESOURCES:
https://youtube-breakingintowallstreet-com.s3.amazonaws.com/109-12-Quick-IRR-Calculation-Slides.pdf

Interview with Phillipe Poletti, CEO of Ardian France, Head of Ardian Buyout

Fernando Borges, Managing Director, Head of South American Buyouts, Carlyle Group

FernandoBorges, Managing Director and Head of South AmericanBuyouts for Carlyle Group, participated in a panel session at Private EquityWorldLatin America2012 that discussed if Brazil overheating is a myth or a reality. Listen to this video to hear about his experiences at the event and his opinions on whether Brazil is overheating or not.
Private Equity World Latin America is the leading conference for GPs, LPs and enterprises looking to build value, identify new investment opportunities and uncover which strategies work best in the region. To learn more visit www.terrapinn.com/pelatam

published: 28 Jan 2013

Former Qualcomm head seeks investors for buyout

Thanks for watching❤!
SUBSCRIBE to receive more videos for free.
Former Qualcomm head seeks investors for buyout
16 MAR 2018 Former Qualcomm chairman and CEOPaul Jacobs (pictured) is reportedly seeking funding from investors including SoftBank to buy out the US-based chipmaker, after a $142 billion hostile bid by Broadcom was blocked by US PresidentDonald Trump. Jacobs, Qualcomm’s CEO from July 2005 to March 2014, informed members of the board of his plan, which would be one of the biggest buyouts ever, Financial Times (FT) reported. Japan-based SoftBank, which controls the $100 billion Vision Fund technology investment pot, is one of the potential partners he approached. Broadcom this week officially terminated its attempt to acquire Qualcomm after Trump issued an unprecedented US pr...

Sign up for DraftKings here using my affiliate link below for a FREE $15 Play when you deposit only $5;
https://www.draftkings.com/gateway?s=193647855
(Must be 18 years old or over to play, over 19 years old in Alabama or Nebraska, and over 21 years old in Massachusetts. Please do not bet if you are not of age, or have any gambling problem or addiction.)
Check out Lineups for DraftKings, FantasyBasketball, and even more NBA content:
https://www.youtube.com/channel/UCwt1Qfb2G4fha_S2RyErVqQ/featured
Donate to my friend's Leukemia Fundraiser:
https://events.lls.org/li/longislandSOY19/Lashingoutluekima
MY SECOND CHANNEL! Subscribe:
https://www.youtube.com/channel/UC6DuC7wXeYjxzTqXG25ltPg
Shoutout to SeatGeek for sponsoring this video!
Use the code: THETBALL for $20 off your f...

Smart Money - Evaluating An Early Buyout

published: 24 Aug 2017

Buyouts in Hindsight

Just a few years ago, amid strong profits and solid premiums, the private equity world was keen on getting into the insurance industry. But that was then. Now, given the soft market and the current difficulties of the down-cycle, those moves by private equity firms, banks and other non-traditional buyers in the early part of the decade seem, in hindsight, like botched thinking. So says Alan Kaufman, head of Burns & Wilcox, who recently spoke with InsuranceJournal. In this interview, Kaufman analyzes private equitys brief love affair with insurance and gives his expectations for future mergers and acquisitions in the insurance industry.

published: 14 Oct 2009

Management Buyouts (MBO)

What is an MBO? What are the things to look for in a management buy out or buy in whether you are the seller or the manager looking to buy, this video blog will provide you some essential points for you to consider.

published: 02 Apr 2012

Top 10 Rejected Shark Tank Pitches That Became Successful

This video is sponsored by PayPal. Learn more at http://www.PayPal.com/CanDo
Top 10 RejectedShark Tank Pitches That Became Successful
Subscribe: http://goo.gl/Q2kKrD //
Have a Top 10 idea? Submit it to us here! http://watchmojo.com/my/suggest.php
Some rejected Shark Tank pitches ended up becoming super successful after the show! We'll be looking at the successful companies that appeared on Shark Tank but didn't get a deal, such as Lip Bar, Coffee Meets Bagel, Rocketbook, ChefBigShake, Copa di Vino, CoatChex, and more! Join WatchMojo as we count down our picks for the Top 10 Rejected Shark Tank Pitches That Became Successful.
#10. Proof Eyewear
#9. CellHelmet
#8. Coffee Meets Bagel
#7. Lip Bar
#6. Rocketbook
#5. Xero Shoes
#4. Ring (DoorBot)
#3, #2 & #1: ????
Have an idea you w...

published: 27 Oct 2017

How can a Management Buyout effect my Succession Planning? Business Law - Techopia

Read related blog: http://www.obj.ca/index.php/article/video-blog-management-buyout-succession-plan-option
Robert P. Kinghan is a Partner and Head of the Business LawGroup at Perley-Robertson, Hill & McDougall LLP/s.rl. His practice focused on general corporate law, with particular emphasis on securities law, corporate finance, banking, and mergers and acquisitions counselling. He can be reached at 613.566.2848 or rkinghan@perlaw.ca.

published: 13 Sep 2016

Quick IRR Calculation in LBO Models

In this tutorial, you'll learn tricks to approximate IRR quickly in leveraged buyouts, how to think about IRR intuitively, and how to apply these tricks to both simple and more complex private equity case studies.
http://breakingintowallstreet.com/
"Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
Table of Contents:
1:31 Part 1: The Rules and Rules of Thumb for IRR
7:44 Part 2: Quick IRR Calculation in a SimpleLBOModel
11:44 Part 3: Quick IRR Calculation in a Real-Life Scenario
18:45 Recap and Summary
Tips for Quickly Approximating the IRR
Yes, you can quickly approximate IRR in a leveraged buyout scenario, but *only* if there's a simple upfront investment and simple exit, and nothing else in between, such as dividends, dividend recaps, asset sal...

FernandoBorges, Managing Director and Head of South AmericanBuyouts for Carlyle Group, participated in a panel session at Private EquityWorldLatin America2012 that discussed if Brazil overheating is a myth or a reality. Listen to this video to hear about his experiences at the event and his opinions on whether Brazil is overheating or not.
Private Equity World Latin America is the leading conference for GPs, LPs and enterprises looking to build value, identify new investment opportunities and uncover which strategies work best in the region. To learn more visit www.terrapinn.com/pelatam

FernandoBorges, Managing Director and Head of South AmericanBuyouts for Carlyle Group, participated in a panel session at Private EquityWorldLatin America2012 that discussed if Brazil overheating is a myth or a reality. Listen to this video to hear about his experiences at the event and his opinions on whether Brazil is overheating or not.
Private Equity World Latin America is the leading conference for GPs, LPs and enterprises looking to build value, identify new investment opportunities and uncover which strategies work best in the region. To learn more visit www.terrapinn.com/pelatam

Former Qualcomm head seeks investors for buyout

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Former Qualcomm head seeks investors for buyout
16 MAR 2018 Former Qualcomm chairman and CEO...

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SUBSCRIBE to receive more videos for free.
Former Qualcomm head seeks investors for buyout
16 MAR 2018 Former Qualcomm chairman and CEOPaul Jacobs (pictured) is reportedly seeking funding from investors including SoftBank to buy out the US-based chipmaker, after a $142 billion hostile bid by Broadcom was blocked by US PresidentDonald Trump. Jacobs, Qualcomm’s CEO from July 2005 to March 2014, informed members of the board of his plan, which would be one of the biggest buyouts ever, Financial Times (FT) reported. Japan-based SoftBank, which controls the $100 billion Vision Fund technology investment pot, is one of the potential partners he approached. Broadcom this week officially terminated its attempt to acquire Qualcomm after Trump issued an unprecedented US presidential order blocking the deal due to national security concerns. The Singapore-headquartered company also witrew six nominees it put forward for election to Qualcomm’s board. Sources told FT Jacobs’ personal ties with SoftBank founder Masayoshi Son could facilitate a deal. However, there are complications: not...

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SUBSCRIBE to receive more videos for free.
Former Qualcomm head seeks investors for buyout
16 MAR 2018 Former Qualcomm chairman and CEOPaul Jacobs (pictured) is reportedly seeking funding from investors including SoftBank to buy out the US-based chipmaker, after a $142 billion hostile bid by Broadcom was blocked by US PresidentDonald Trump. Jacobs, Qualcomm’s CEO from July 2005 to March 2014, informed members of the board of his plan, which would be one of the biggest buyouts ever, Financial Times (FT) reported. Japan-based SoftBank, which controls the $100 billion Vision Fund technology investment pot, is one of the potential partners he approached. Broadcom this week officially terminated its attempt to acquire Qualcomm after Trump issued an unprecedented US presidential order blocking the deal due to national security concerns. The Singapore-headquartered company also witrew six nominees it put forward for election to Qualcomm’s board. Sources told FT Jacobs’ personal ties with SoftBank founder Masayoshi Son could facilitate a deal. However, there are complications: not...

Sign up for DraftKings here using my affiliate link below for a FREE $15 Play when you deposit only $5;
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(Must...

Sign up for DraftKings here using my affiliate link below for a FREE $15 Play when you deposit only $5;
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There are going to be some nice buyout players on the market after this NBA trade deadline, and the Los Angeles Lakers should take full advantage of this. LeBron James, Brandon Ingram, and Lonzo Ball will need some help (if they aren't traded), so who should the Lakers target? We'll go over who they should try to sign in this video!
https://www.youtube.com/watch?v=nGcRSBjEVYU&t=130s
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BNB Productions is the record label that connects content creators
with the finest sounds to enhance the creativity and popularity of
their content which is safe from any copyright infringement.
• BNB Releases can be used by any YouTube or Twitch user in their
monetized content. If you use our music you MUST put in the description of your video:

Sign up for DraftKings here using my affiliate link below for a FREE $15 Play when you deposit only $5;
https://www.draftkings.com/gateway?s=193647855
(Must be 18 years old or over to play, over 19 years old in Alabama or Nebraska, and over 21 years old in Massachusetts. Please do not bet if you are not of age, or have any gambling problem or addiction.)
Check out Lineups for DraftKings, FantasyBasketball, and even more NBA content:
https://www.youtube.com/channel/UCwt1Qfb2G4fha_S2RyErVqQ/featured
Donate to my friend's Leukemia Fundraiser:
https://events.lls.org/li/longislandSOY19/Lashingoutluekima
MY SECOND CHANNEL! Subscribe:
https://www.youtube.com/channel/UC6DuC7wXeYjxzTqXG25ltPg
Shoutout to SeatGeek for sponsoring this video!
Use the code: THETBALL for $20 off your first purchase when you sign up!
https://seatgeek.com/
Subscribe here:
https://www.youtube.com/channel/UCRGaiPcJNmdB0MbV0i94diA
Follow my instagram:
https://www.instagram.com/tjchen3/
There are going to be some nice buyout players on the market after this NBA trade deadline, and the Los Angeles Lakers should take full advantage of this. LeBron James, Brandon Ingram, and Lonzo Ball will need some help (if they aren't traded), so who should the Lakers target? We'll go over who they should try to sign in this video!
https://www.youtube.com/watch?v=nGcRSBjEVYU&t=130s
Follow me on twitter! (I'll follow you back lol):
https://twitter.com/tjstball
Music:
DEADTALKS - RAE SREMMURD x LILUZI VERT TYPEBEAT | No CopyrightTrap:
https://www.youtube.com/watch?v=iS2W_Bgdhuc
DeadTalks YouTube Channel:
https://www.youtube.com/channel/UC1Sm-paAt6WYiVDcViUr1GQ
BNB Productions YouTube Channel:
https://www.youtube.com/channel/UClWEEaYXbIXeWNeOGDMZOCQ
BNB Productions is the record label that connects content creators
with the finest sounds to enhance the creativity and popularity of
their content which is safe from any copyright infringement.
• BNB Releases can be used by any YouTube or Twitch user in their
monetized content. If you use our music you MUST put in the description of your video:

Buyouts in Hindsight

Just a few years ago, amid strong profits and solid premiums, the private equity world was keen on getting into the insurance industry. But that was then. Now, ...

Just a few years ago, amid strong profits and solid premiums, the private equity world was keen on getting into the insurance industry. But that was then. Now, given the soft market and the current difficulties of the down-cycle, those moves by private equity firms, banks and other non-traditional buyers in the early part of the decade seem, in hindsight, like botched thinking. So says Alan Kaufman, head of Burns & Wilcox, who recently spoke with InsuranceJournal. In this interview, Kaufman analyzes private equitys brief love affair with insurance and gives his expectations for future mergers and acquisitions in the insurance industry.

Just a few years ago, amid strong profits and solid premiums, the private equity world was keen on getting into the insurance industry. But that was then. Now, given the soft market and the current difficulties of the down-cycle, those moves by private equity firms, banks and other non-traditional buyers in the early part of the decade seem, in hindsight, like botched thinking. So says Alan Kaufman, head of Burns & Wilcox, who recently spoke with InsuranceJournal. In this interview, Kaufman analyzes private equitys brief love affair with insurance and gives his expectations for future mergers and acquisitions in the insurance industry.

Management Buyouts (MBO)

What is an MBO? What are the things to look for in a management buy out or buy in whether you are the seller or the manager looking to buy, this video blog will...

What is an MBO? What are the things to look for in a management buy out or buy in whether you are the seller or the manager looking to buy, this video blog will provide you some essential points for you to consider.

What is an MBO? What are the things to look for in a management buy out or buy in whether you are the seller or the manager looking to buy, this video blog will provide you some essential points for you to consider.

Read related blog: http://www.obj.ca/index.php/article/video-blog-management-buyout-succession-plan-option
Robert P. Kinghan is a Partner and Head of the Business LawGroup at Perley-Robertson, Hill & McDougall LLP/s.rl. His practice focused on general corporate law, with particular emphasis on securities law, corporate finance, banking, and mergers and acquisitions counselling. He can be reached at 613.566.2848 or rkinghan@perlaw.ca.

Read related blog: http://www.obj.ca/index.php/article/video-blog-management-buyout-succession-plan-option
Robert P. Kinghan is a Partner and Head of the Business LawGroup at Perley-Robertson, Hill & McDougall LLP/s.rl. His practice focused on general corporate law, with particular emphasis on securities law, corporate finance, banking, and mergers and acquisitions counselling. He can be reached at 613.566.2848 or rkinghan@perlaw.ca.

Quick IRR Calculation in LBO Models

In this tutorial, you'll learn tricks to approximate IRR quickly in leveraged buyouts, how to think about IRR intuitively, and how to apply these tricks to both...

In this tutorial, you'll learn tricks to approximate IRR quickly in leveraged buyouts, how to think about IRR intuitively, and how to apply these tricks to both simple and more complex private equity case studies.
http://breakingintowallstreet.com/
"Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
Table of Contents:
1:31 Part 1: The Rules and Rules of Thumb for IRR
7:44 Part 2: Quick IRR Calculation in a SimpleLBOModel
11:44 Part 3: Quick IRR Calculation in a Real-Life Scenario
18:45 Recap and Summary
Tips for Quickly Approximating the IRR
Yes, you can quickly approximate IRR in a leveraged buyout scenario, but *only* if there's a simple upfront investment and simple exit, and nothing else in between, such as dividends, dividend recaps, asset sales, or an IPO exit where the PE firm sells its stake gradually over time.
The internal rate of return, or IRR, represents the "effective compounded interest rate" of an investment.
In other words, if you invest $100 today and get back $150 in 5 years, what interest rate on your initial $100, compounded each year, would let you earn that $150 by the end?
To approximate the IRR, you start by calculating the money-on-money multiple and the holding period.
If you double your money in 1 year, that's a 100% IRR. Invest $100 and get back $200 in 1 year, and you've just earned 100% of what you put in.
If you double your money in 2 years, you need to earn *roughly* 50% per year to get there.
Due to compounding, it's actually less than 50%; it's closer to 40% if you calculate it in Excel.
So the rule of thumb is that, for "double your money" scenarios, you take 100%, divide by the # of years, and then estimate the IRR as about 75-80% of that value.
For example, if you double your money in 3 years, 100% / 3 = 33%.
75% of 33% is about 25%, which is the approximate IRR in this case.
The most important approximations are as follows:
Double Your Money in 1 Year = 100% IRR
Double Your Money in 2 Years = ~40% IRR
Double Your Money in 3 Years = ~25% IRR
Double Your Money in 4 Years = ~20% IRR
Double Your Money in 5 Years = ~15% IRR
TripleYour Money in 3 Years = ~45% IRR
Triple Your Money in 5 Years = ~25% IRR
How to Apply These Rules to Case Studies and Modeling Tests
You can use these rules of thumb to determine what your investment recommendation might say, and also to check your work before you complete a time-consuming exercise.
For example, let's say that in one case study, you buy a $50 million EBITDA company for 7x EBITDA, using 4.5x Debt/EBITDA.
EBITDA grows by roughly 10% per year over 3 years.
Approximately $90 million of Debt amortizes over those 3 years as well.
The exit multiple is 8x EBITDA.
You can approximate the IRR in this scenario using the following logic:
$50 million EBITDA * 7x multiple = $350 million purchase price.
The equity contribution is 7.0x minus 4.5x, or 2.5x EBITDA, which is $125 million here.
If EBITDA grows by 10% per year over 3 years, it reaches approximately $70 million by Year 3.
$70 million * 8 = $560 million ExitEnterprise Value.
Since the initial leverage ratio was 4.5x Debt/EBITDA, the initial Debt was 4.5 * $50 million = $225 million.
$90 million of that Debt amortized over time, so there's $225 – $90 = $135 million at the end.
So the Equity Proceeds Upon Exit are $560 million – $135 million = $425 million.
$425 million / $125 million = just over a 3x multiple, or 3.4x more precisely.
Since the PE firm earned back over 3x its equity in 3 years, you could approximate the IRR as "just over 45%" here.
This is an extremely high IRR, and well above the usual target of 20%, so you would lean toward an "Invest" recommendation in this case.
In our real Excel model, the IRR is only 43% because of the transaction fees, the fact that our Year 3 EBITDA estimate was off, and the fact that the Debt had PIK interest, which increased the Debt principal over time.
Still, this is very good for a 60-second approximation.
RESOURCES:
https://youtube-breakingintowallstreet-com.s3.amazonaws.com/109-12-Quick-IRR-Calculation-Slides.pdf

In this tutorial, you'll learn tricks to approximate IRR quickly in leveraged buyouts, how to think about IRR intuitively, and how to apply these tricks to both simple and more complex private equity case studies.
http://breakingintowallstreet.com/
"Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
Table of Contents:
1:31 Part 1: The Rules and Rules of Thumb for IRR
7:44 Part 2: Quick IRR Calculation in a SimpleLBOModel
11:44 Part 3: Quick IRR Calculation in a Real-Life Scenario
18:45 Recap and Summary
Tips for Quickly Approximating the IRR
Yes, you can quickly approximate IRR in a leveraged buyout scenario, but *only* if there's a simple upfront investment and simple exit, and nothing else in between, such as dividends, dividend recaps, asset sales, or an IPO exit where the PE firm sells its stake gradually over time.
The internal rate of return, or IRR, represents the "effective compounded interest rate" of an investment.
In other words, if you invest $100 today and get back $150 in 5 years, what interest rate on your initial $100, compounded each year, would let you earn that $150 by the end?
To approximate the IRR, you start by calculating the money-on-money multiple and the holding period.
If you double your money in 1 year, that's a 100% IRR. Invest $100 and get back $200 in 1 year, and you've just earned 100% of what you put in.
If you double your money in 2 years, you need to earn *roughly* 50% per year to get there.
Due to compounding, it's actually less than 50%; it's closer to 40% if you calculate it in Excel.
So the rule of thumb is that, for "double your money" scenarios, you take 100%, divide by the # of years, and then estimate the IRR as about 75-80% of that value.
For example, if you double your money in 3 years, 100% / 3 = 33%.
75% of 33% is about 25%, which is the approximate IRR in this case.
The most important approximations are as follows:
Double Your Money in 1 Year = 100% IRR
Double Your Money in 2 Years = ~40% IRR
Double Your Money in 3 Years = ~25% IRR
Double Your Money in 4 Years = ~20% IRR
Double Your Money in 5 Years = ~15% IRR
TripleYour Money in 3 Years = ~45% IRR
Triple Your Money in 5 Years = ~25% IRR
How to Apply These Rules to Case Studies and Modeling Tests
You can use these rules of thumb to determine what your investment recommendation might say, and also to check your work before you complete a time-consuming exercise.
For example, let's say that in one case study, you buy a $50 million EBITDA company for 7x EBITDA, using 4.5x Debt/EBITDA.
EBITDA grows by roughly 10% per year over 3 years.
Approximately $90 million of Debt amortizes over those 3 years as well.
The exit multiple is 8x EBITDA.
You can approximate the IRR in this scenario using the following logic:
$50 million EBITDA * 7x multiple = $350 million purchase price.
The equity contribution is 7.0x minus 4.5x, or 2.5x EBITDA, which is $125 million here.
If EBITDA grows by 10% per year over 3 years, it reaches approximately $70 million by Year 3.
$70 million * 8 = $560 million ExitEnterprise Value.
Since the initial leverage ratio was 4.5x Debt/EBITDA, the initial Debt was 4.5 * $50 million = $225 million.
$90 million of that Debt amortized over time, so there's $225 – $90 = $135 million at the end.
So the Equity Proceeds Upon Exit are $560 million – $135 million = $425 million.
$425 million / $125 million = just over a 3x multiple, or 3.4x more precisely.
Since the PE firm earned back over 3x its equity in 3 years, you could approximate the IRR as "just over 45%" here.
This is an extremely high IRR, and well above the usual target of 20%, so you would lean toward an "Invest" recommendation in this case.
In our real Excel model, the IRR is only 43% because of the transaction fees, the fact that our Year 3 EBITDA estimate was off, and the fact that the Debt had PIK interest, which increased the Debt principal over time.
Still, this is very good for a 60-second approximation.
RESOURCES:
https://youtube-breakingintowallstreet-com.s3.amazonaws.com/109-12-Quick-IRR-Calculation-Slides.pdf

Fernando Borges, Managing Director, Head of South American Buyouts, Carlyle Group

FernandoBorges, Managing Director and Head of South AmericanBuyouts for Carlyle Group, participated in a panel session at Private EquityWorldLatin America2012 that discussed if Brazil overheating is a myth or a reality. Listen to this video to hear about his experiences at the event and his opinions on whether Brazil is overheating or not.
Private Equity World Latin America is the leading conference for GPs, LPs and enterprises looking to build value, identify new investment opportunities and uncover which strategies work best in the region. To learn more visit www.terrapinn.com/pelatam

Former Qualcomm head seeks investors for buyout

Thanks for watching❤!
SUBSCRIBE to receive more videos for free.
Former Qualcomm head seeks investors for buyout
16 MAR 2018 Former Qualcomm chairman and CEOPaul Jacobs (pictured) is reportedly seeking funding from investors including SoftBank to buy out the US-based chipmaker, after a $142 billion hostile bid by Broadcom was blocked by US PresidentDonald Trump. Jacobs, Qualcomm’s CEO from July 2005 to March 2014, informed members of the board of his plan, which would be one of the biggest buyouts ever, Financial Times (FT) reported. Japan-based SoftBank, which controls the $100 billion Vision Fund technology investment pot, is one of the potential partners he approached. Broadcom this week officially terminated its attempt to acquire Qualcomm after Trump issued an unprecedented US presidential order blocking the deal due to national security concerns. The Singapore-headquartered company also witrew six nominees it put forward for election to Qualcomm’s board. Sources told FT Jacobs’ personal ties with SoftBank founder Masayoshi Son could facilitate a deal. However, there are complications: not...

Sign up for DraftKings here using my affiliate link below for a FREE $15 Play when you deposit only $5;
https://www.draftkings.com/gateway?s=193647855
(Must be 18 years old or over to play, over 19 years old in Alabama or Nebraska, and over 21 years old in Massachusetts. Please do not bet if you are not of age, or have any gambling problem or addiction.)
Check out Lineups for DraftKings, FantasyBasketball, and even more NBA content:
https://www.youtube.com/channel/UCwt1Qfb2G4fha_S2RyErVqQ/featured
Donate to my friend's Leukemia Fundraiser:
https://events.lls.org/li/longislandSOY19/Lashingoutluekima
MY SECOND CHANNEL! Subscribe:
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Shoutout to SeatGeek for sponsoring this video!
Use the code: THETBALL for $20 off your first purchase when you sign up!
https://seatgeek.com/
Subscribe here:
https://www.youtube.com/channel/UCRGaiPcJNmdB0MbV0i94diA
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There are going to be some nice buyout players on the market after this NBA trade deadline, and the Los Angeles Lakers should take full advantage of this. LeBron James, Brandon Ingram, and Lonzo Ball will need some help (if they aren't traded), so who should the Lakers target? We'll go over who they should try to sign in this video!
https://www.youtube.com/watch?v=nGcRSBjEVYU&t=130s
Follow me on twitter! (I'll follow you back lol):
https://twitter.com/tjstball
Music:
DEADTALKS - RAE SREMMURD x LILUZI VERT TYPEBEAT | No CopyrightTrap:
https://www.youtube.com/watch?v=iS2W_Bgdhuc
DeadTalks YouTube Channel:
https://www.youtube.com/channel/UC1Sm-paAt6WYiVDcViUr1GQ
BNB Productions YouTube Channel:
https://www.youtube.com/channel/UClWEEaYXbIXeWNeOGDMZOCQ
BNB Productions is the record label that connects content creators
with the finest sounds to enhance the creativity and popularity of
their content which is safe from any copyright infringement.
• BNB Releases can be used by any YouTube or Twitch user in their
monetized content. If you use our music you MUST put in the description of your video:

Buyouts in Hindsight

Just a few years ago, amid strong profits and solid premiums, the private equity world was keen on getting into the insurance industry. But that was then. Now, given the soft market and the current difficulties of the down-cycle, those moves by private equity firms, banks and other non-traditional buyers in the early part of the decade seem, in hindsight, like botched thinking. So says Alan Kaufman, head of Burns & Wilcox, who recently spoke with InsuranceJournal. In this interview, Kaufman analyzes private equitys brief love affair with insurance and gives his expectations for future mergers and acquisitions in the insurance industry.

Management Buyouts (MBO)

What is an MBO? What are the things to look for in a management buy out or buy in whether you are the seller or the manager looking to buy, this video blog will provide you some essential points for you to consider.

How can a Management Buyout effect my Succession Planning? Business Law - Techopia

Read related blog: http://www.obj.ca/index.php/article/video-blog-management-buyout-succession-plan-option
Robert P. Kinghan is a Partner and Head of the Business LawGroup at Perley-Robertson, Hill & McDougall LLP/s.rl. His practice focused on general corporate law, with particular emphasis on securities law, corporate finance, banking, and mergers and acquisitions counselling. He can be reached at 613.566.2848 or rkinghan@perlaw.ca.

Quick IRR Calculation in LBO Models

In this tutorial, you'll learn tricks to approximate IRR quickly in leveraged buyouts, how to think about IRR intuitively, and how to apply these tricks to both simple and more complex private equity case studies.
http://breakingintowallstreet.com/
"Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
Table of Contents:
1:31 Part 1: The Rules and Rules of Thumb for IRR
7:44 Part 2: Quick IRR Calculation in a SimpleLBOModel
11:44 Part 3: Quick IRR Calculation in a Real-Life Scenario
18:45 Recap and Summary
Tips for Quickly Approximating the IRR
Yes, you can quickly approximate IRR in a leveraged buyout scenario, but *only* if there's a simple upfront investment and simple exit, and nothing else in between, such as dividends, dividend recaps, asset sales, or an IPO exit where the PE firm sells its stake gradually over time.
The internal rate of return, or IRR, represents the "effective compounded interest rate" of an investment.
In other words, if you invest $100 today and get back $150 in 5 years, what interest rate on your initial $100, compounded each year, would let you earn that $150 by the end?
To approximate the IRR, you start by calculating the money-on-money multiple and the holding period.
If you double your money in 1 year, that's a 100% IRR. Invest $100 and get back $200 in 1 year, and you've just earned 100% of what you put in.
If you double your money in 2 years, you need to earn *roughly* 50% per year to get there.
Due to compounding, it's actually less than 50%; it's closer to 40% if you calculate it in Excel.
So the rule of thumb is that, for "double your money" scenarios, you take 100%, divide by the # of years, and then estimate the IRR as about 75-80% of that value.
For example, if you double your money in 3 years, 100% / 3 = 33%.
75% of 33% is about 25%, which is the approximate IRR in this case.
The most important approximations are as follows:
Double Your Money in 1 Year = 100% IRR
Double Your Money in 2 Years = ~40% IRR
Double Your Money in 3 Years = ~25% IRR
Double Your Money in 4 Years = ~20% IRR
Double Your Money in 5 Years = ~15% IRR
TripleYour Money in 3 Years = ~45% IRR
Triple Your Money in 5 Years = ~25% IRR
How to Apply These Rules to Case Studies and Modeling Tests
You can use these rules of thumb to determine what your investment recommendation might say, and also to check your work before you complete a time-consuming exercise.
For example, let's say that in one case study, you buy a $50 million EBITDA company for 7x EBITDA, using 4.5x Debt/EBITDA.
EBITDA grows by roughly 10% per year over 3 years.
Approximately $90 million of Debt amortizes over those 3 years as well.
The exit multiple is 8x EBITDA.
You can approximate the IRR in this scenario using the following logic:
$50 million EBITDA * 7x multiple = $350 million purchase price.
The equity contribution is 7.0x minus 4.5x, or 2.5x EBITDA, which is $125 million here.
If EBITDA grows by 10% per year over 3 years, it reaches approximately $70 million by Year 3.
$70 million * 8 = $560 million ExitEnterprise Value.
Since the initial leverage ratio was 4.5x Debt/EBITDA, the initial Debt was 4.5 * $50 million = $225 million.
$90 million of that Debt amortized over time, so there's $225 – $90 = $135 million at the end.
So the Equity Proceeds Upon Exit are $560 million – $135 million = $425 million.
$425 million / $125 million = just over a 3x multiple, or 3.4x more precisely.
Since the PE firm earned back over 3x its equity in 3 years, you could approximate the IRR as "just over 45%" here.
This is an extremely high IRR, and well above the usual target of 20%, so you would lean toward an "Invest" recommendation in this case.
In our real Excel model, the IRR is only 43% because of the transaction fees, the fact that our Year 3 EBITDA estimate was off, and the fact that the Debt had PIK interest, which increased the Debt principal over time.
Still, this is very good for a 60-second approximation.
RESOURCES:
https://youtube-breakingintowallstreet-com.s3.amazonaws.com/109-12-Quick-IRR-Calculation-Slides.pdf

Head (watercraft)

The head (or heads) is a ship's toilet. The name derives from sailing ships in which the toilet area for the regular sailors was placed at the head or bow of the ship.

Design

In sailing ships, the toilet was placed in the bow for two reasons. Firstly, since most vessels of the era could not sail directly into the wind, the winds came mostly across the rear of the ship, placing the head essentially downwind. Secondly, if placed somewhat above the water line, vents or slots cut near the floor level would allow normal wave action to wash out the facility. Only the captain had a private toilet near his quarters, at the stern of the ship in the quarter gallery.

In many modern boats, the heads look similar to seated flush toilets but use a system of valves and pumps that brings sea water into the toilet and pumps the waste out through the hull in place of the more normal cistern and plumbing trap to a drain. In small boats the pump is often hand operated. The cleaning mechanism is easily blocked if too much toilet paper or other fibrous material is put down the pan.

The lawsuit claims that, immediately after his dismissal in November 2018, the school began to search for ways to avoid paying him the buyout despite Beaty staying on as head coach through the end ......

The lawsuit claims that, immediately after his dismissal in November 2018, the school began to search for ways to avoid paying him the buyout despite Beaty staying on as head coach through the end ......

Plan B...Instead, he ended up short for the payouts and was forced to pay up ... Twenty-eight college basketball programs will have a new head coach after the season. Predictions for all 28 changes, including who will replace each of the fired (or departed) head coaches.Shaka Smart didn’t make the list, in part because of a gigantic buyout. Larry Baer ... .......

Mumbai... Ltd from BNP Paribas Cardif SA ... Ltd for around ₹6,000-6,500 crore ... SBILife, led by a strong management team, is helping deliver this promise in the life insurance space and is well-positioned to further benefit from industry trends," said Sunil Kaul, managing director and head (South-East Asia) at CarlyleAsia's buyout advisory team ... ....

“Today 80% of our investments are buyouts and only 20% are minority deals ...There is a lot of value add that goes into a buyout or control deal,” said Shashank Singh, partner and head of India at Apax Partners ... “Large groups, multinational corporations want to sell certain assets, and they provide for more buyouts....